Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed) › peer-review
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TY - CHAP
T1 - Prize-sharing rules in collective rent-seeking
AU - Flamand, Sabine
AU - Troumpounis, Orestis
PY - 2015/5/27
Y1 - 2015/5/27
N2 - We review our knowledge as to how different ways of sharing a prize among the members of a group in collective rent-seeking affect individuals' incentives to contribute to their group's aggregate effort. Starting with Nitzan (1991), the literature has considered both exogenous and endogenous sharing rules, while it has assumed that the choice of such rules may occur under either public or private information. In turn, group sharing rules affect the extent of total rent dissipation, the occurrence of the group size paradox, group formation, and the choice between productive and appropriative activities.
AB - We review our knowledge as to how different ways of sharing a prize among the members of a group in collective rent-seeking affect individuals' incentives to contribute to their group's aggregate effort. Starting with Nitzan (1991), the literature has considered both exogenous and endogenous sharing rules, while it has assumed that the choice of such rules may occur under either public or private information. In turn, group sharing rules affect the extent of total rent dissipation, the occurrence of the group size paradox, group formation, and the choice between productive and appropriative activities.
M3 - Chapter (peer-reviewed)
SN - 9781782544937
SP - 92
EP - 112
BT - Companion to the political economy of rent seeking
A2 - Congleton, Roger
A2 - Hillman, Arye
PB - Edward Elgar Publishing
CY - Cheltenham
ER -